Showing 1 - 9 of 9
<title>Abstract</title> Using artificial neural networks (ANN) and ordinal regression (OR) as alternative methods to predict Commercial Mortgage‐backed Securities (CMBS) credit ratings, we examine the role that various financial and industry‐based variables have on CMBS credit ratings issued by Standard...
Persistent link: https://www.econbiz.de/10010971938
Using panel data methodology, the determinants of capital structure in 34 Australia listed property trusts (A-REITs) are investigated for the period 2003-2008. Empirical results reveal that profitability, growth opportunity, and operational risk are negatively related to leverage while size is...
Persistent link: https://www.econbiz.de/10009437602
The paper examines the decision by Australian Real Estate Trusts (A-REITs) to issue seasoned equity offerings from 2000 - 2008 and stock market reaction to the offerings using panel data and event study methodologies, respectively. The global financial crisis has resulted in freezing of the...
Persistent link: https://www.econbiz.de/10009437605
The purpose of the paper is to investigate how Asset-Backed Securitization (ABS) can be used to fund infrastructure development in developing countries. This paper also presents a case study on how ABS has been used to fund infrastructure in Australia and points out the lessons that developing...
Persistent link: https://www.econbiz.de/10009437780
Using artificial neural networks (ANN) and ordinal regression (OR) as alternative methods to predict LPT bond ratings, we examine the role that various financial and industry variables have on Listed Property Trust (LPT) bond ratings issued by Standard and Poor’s from 1999-2006. Our study...
Persistent link: https://www.econbiz.de/10009438140
In many countries, the main providers for major infrastructure projects are government or public agencies. Public infrastructure projects includes economic and social infrastructure such as transportation, education and health facilities. Most decision-making models for delivery of public...
Persistent link: https://www.econbiz.de/10009438199
The paper examines the decision by Australian Real Estate Trusts (A-REITs) to issue seasoned equity offerings from 2000 - 2008 and stock market reaction to the offerings. The findings reveal that highly leveraged A-REITs with variable earnings are less likely to issue seasoned equity offerings....
Persistent link: https://www.econbiz.de/10009438312
Using artificial neural networks (ANN) and ordinal regression (OR) as alternative methods to predict LPT bond ratings, we examine the role that various financial and industry-based variables have on Listed Property Trust (LPT) bond ratings issued by Standard and Poor?s from 1999-2006. Our study...
Persistent link: https://www.econbiz.de/10009483215
The paper explores the development of the Australian Commercial Mortgage-Backed Securities (CMBS) market from 1999 to 2006 and outlines similarities and dissimilarities with the United States (US) and European (EU) CMBS markets. Whilst the US has been the market leader in terms of issuance...
Persistent link: https://www.econbiz.de/10009483216